Short Interest in NewHold Investment Corp III (NASDAQ:NHIC) Decreases By 86.3%

NewHold Investment Corp III (NASDAQ:NHIC) was the recipient of a significant decrease in short interest in August. As of August 14th, there was short interest totaling 2,996 shares, a decrease of 86.3% from the July 30th total of 21,844 shares. Based on an average trading volume of 119,681 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of NewHold Investment Corp III in a report on Wednesday, July 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

NewHold Investment Corp III Stock Performance

NHIC remained flat at $10.60 during trading hours on Thursday. The company had a trading volume of 147,247 shares, compared to its average volume of 126,306. The company’s 50 day simple moving average is $10.77 and its 200-day simple moving average is $10.63. NewHold Investment Corp III has a twelve month low of $10.16 and a twelve month high of $11.60. The firm has a market cap of $292.70 million, a price-to-earnings ratio of -151.43 and a beta of 0.30.

NewHold Investment Corp III (NASDAQ:NHIC) last released its quarterly earnings data on Wednesday, August 12th. The company reported ($0.12) EPS for the quarter. The business had revenue of $3.74 million for the quarter.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of NHIC. Strategic Investment Solutions Inc. IL bought a new position in shares of NewHold Investment Corp III during the second quarter worth approximately $98,000. Readystate Asset Management LP acquired a new position in NewHold Investment Corp III in the 2nd quarter valued at $126,000. FNY Investment Advisers LLC acquired a new position in NewHold Investment Corp III in the 2nd quarter valued at $217,000. Sandia Investment Management LP bought a new position in NewHold Investment Corp III during the 2nd quarter worth $254,000. Finally, Alyeska Investment Group L.P. acquired a new stake in shares of NewHold Investment Corp III during the third quarter worth $450,000.

About NewHold Investment Corp III

NewHold Investment Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination, with one or more target businesses. The company was formerly known as NewHold Industrial Corp. and changed its name to NewHold Investment Corp. in February 2020. NewHold Investment Corp. was incorporated in 2020 and is based in Houston, Texas.